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Titanium Corporation Signs New Agreement with Syncrude
Titanium Corporation Signs New Agreement with Syncrude.
About this update from Cvw Sustainable Royalties Inc.
[{"type":"text","content":"\n\n\n\n\n2006 Pilot Program on Schedule\n\nTORONTO, July 19 /CNW/ - Titanium Corporation Inc. (TSX-V:TIC) (the\n\"Company\") has signed a new two-party, two-year Exclusivity Agreement with\nSyncrude Canada Ltd. to facilitate further development of the Company's Oil\nSands project to recover titanium and zircon from oil sands tailings. The\nCompany is also pleased to announce that its 2006 Pilot Program is on schedule\nwith the concentrator modules shipped from Australia on July 11, 2006 for\narrival and assembly in Canada during August 2006. The Company plans to\ncommission and operate the Pilot concentrator on-site in Fort McMurray during\nSeptember and into October, 2006. In related work at the Company's Regina\npilot facility, work is progressing well on the design and testing of\nseparation flow sheets to optimize the recovery of zircon.\nThe purpose of the 2006 Program is to maximize the recovery and\nconcentration of heavy minerals directly from the continuous flow oil sands\ntailings pipeline in Fort McMurray, Alberta. Following Titanium Corporation's\n2005 technical programs and subsequent analysis of material from the fresh\ntailings pipeline, process flow sheet design changes were incorporated in\norder to recover higher concentrations of heavy minerals and associated\nhydrocarbons. The heavy minerals will be recovered using modular units, which\nwill simulate a full-sized continuous flow heavy minerals concentrator. The\nunits were built in Australia, instead of on-site in Fort McMurray, to realize\nsignificant cost savings. The concentrator will produce both titanium and\nzircon heavy mineral concentrates. Processed material from the concentrator\nwill be sent to the Company's Regina pilot plant to undergo further separation\nprocessing and analysis in late 2006.\nIn response to exceptionally strong zircon markets, Titanium Corporation\nrecently announced its revised strategy to develop its zircon product first\nfollowed by an expansion phase to process and market titanium concentrates,\nwhich would be inventoried during the zircon production phase. Worldwide\ndemand for zircon continues to outpace supply, driven mainly by demand from\nChina. This strong demand, coupled with the depletion of existing production\nhas resulted in forecasts for continuing supply deficits for zircon. This\nstrategy will enable the Compa...